Viavi Solutions Inc. (NASDAQ:VIAV) Director Richard Belluzzo Sells 8,385 Shares

Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) Director Richard Belluzzo sold 8,385 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $10.02, for a total value of $84,017.70. Following the completion of the transaction, the director directly owned 242,311 shares in the company, valued at approximately $2,427,956.22. This represents a 3.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Richard Belluzzo also recently made the following trade(s):

• On Wednesday, May 7th, Richard Belluzzo sold 8,385 shares of Viavi Solutions stock. The stock was sold at an average price of $8.92, for a total transaction of $74,794.20.

Viavi Solutions Trading Up 0.6%

VIAV traded up $0.06 during trading on Friday, reaching $10.44. 894,119 shares of the company's stock were exchanged, compared to its average volume of 1,923,155. The company's fifty day moving average price is $9.53 and its 200-day moving average price is $10.35. The firm has a market capitalization of $2.33 billion, a PE ratio of 522.26 and a beta of 0.88. Viavi Solutions Inc. has a fifty-two week low of $6.89 and a fifty-two week high of $12.91. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.32 and a current ratio of 1.53.

Institutional Trading of Viavi Solutions

Hedge funds have recently modified their holdings of the company. Picton Mahoney Asset Management increased its holdings in shares of Viavi Solutions by 35.0% in the fourth quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider's stock worth $32,000 after acquiring an additional 833 shares in the last quarter. Heritage Family Offices LLP grew its stake in shares of Viavi Solutions by 7.5% during the 1st quarter. Heritage Family Offices LLP now owns 14,970 shares of the communications equipment provider's stock worth $168,000 after acquiring an additional 1,045 shares in the last quarter. First Horizon Advisors Inc. increased its stake in Viavi Solutions by 29.1% in the 1st quarter. First Horizon Advisors Inc. now owns 5,046 shares of the communications equipment provider's stock valued at $56,000 after buying an additional 1,138 shares during the last quarter. Sanctuary Advisors LLC increased its position in shares of Viavi Solutions by 8.1% in the fourth quarter. Sanctuary Advisors LLC now owns 17,226 shares of the communications equipment provider's stock valued at $172,000 after acquiring an additional 1,288 shares during the last quarter. Finally, Xponance Inc. increased its position in shares of Viavi Solutions by 11.5% during the 4th quarter. Xponance Inc. now owns 15,977 shares of the communications equipment provider's stock worth $161,000 after purchasing an additional 1,649 shares during the last quarter. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Rosenblatt Securities restated a "buy" rating and issued a $13.50 price objective on shares of Viavi Solutions in a research report on Friday, June 20th. Morgan Stanley dropped their price objective on shares of Viavi Solutions from $10.00 to $8.00 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. UBS Group reduced their price objective on Viavi Solutions from $11.50 to $11.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. B. Riley decreased their price objective on Viavi Solutions from $12.00 to $11.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Finally, Wall Street Zen upgraded Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $12.69.

Viavi Solutions Company Profile

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.